Economics Homework Help
Economics Homework Help. Articles on agricultural economic analysis, depending on the material
Question 1.UniformStandardsofProfessional Appraisal Practice(USPAP),ImplicationsfortheAppraisalProfession.
Background:USPAPisacopyrightedworkofTheAppraisalFoundation.ItincludesaPreamble;Definitions;RulesrelatingtoEthics,RecordKeeping,Competency,ScopeofWorkandJurisdictionalExceptions;andtenstandardsrelatingtothedevelopmentandcommunicationofvarioustypesofappraisalassignments.Standard1addressesthedevelopmentofarealpropertyappraisalandStandard2addressesitscommunicationtotheclient.AnonlineeditionofUSPAPmaybefoundat:http://www.appraisalfoundation.org/iMIS/TAF/USPAP.aspx. YoucanviewacopyofUSPAPfreeofchargebyclickingthe“Viewacopyofthe2020‐21USPAP”linklocatedbelowthe“Purchaseyourcopy”link.ThereadonlycopyisnavigablevialinksintheTableofContents,bymanuallyturningpageswithyourmouse,orbyenteringthepagenumberinthecontrolstowardthebottomofthepage.
Assignment:Consideringthematerialyouhavelearnedthroughoutthequarterin,explaintheimplicationsofoneofthefollowingRules(Ethics,CompetencyorScopeofWork)andStandard1onanappraiser’sprofessionalobligationsinappraisingafour‐year‐old160‐acrealmondorchardinKernCounty,California.Theclientisasmallcommunitybankthatplanstomakealoan(aslargeasprudentlypossible)withthepropertyascollateral.
PartA:InaddressingyourchosenRule,youmaywishtoexplain:1)howtheEthicsRuleimpactstheobligationsofanappraiserwhoisrelatedbymarriagetothelandowneroranappraiserwhowouldliketobuytheproperty,versusanappraiserwhoisindependentandfreeofbias;2)howtheCompetencyRuleimpactstheobligationsofanappraiserwhoisfullycompetent,versusanappraiserwhoisnot;or3)howtheScopeofWorkRuleimpactstheactionsandobligationsofanappraiserindevelopingtheirappraisal.
PartB:InaddressingStandard1,youshouldanalyzerelevantconsiderationsateachstageoftheappraisalproject.Istheremissinginformationtheappraiserneedstocollectinnterviewingtheirclient?Whatdatawillneedtobecollectedandwhatanalyseswillneedtobeperformedtocompletetheappraisal?Whatapproachorapproachestovalueshouldbecompleted?Isoneapproachlikelytobemorereliableorrelevantthanothers?Why?
"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"
